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UOB is RHB's top sector pick for better NIM prospects & good scope for dividends

Michelle Zhu
Michelle Zhu8/7/2018 11:20 AM GMT+08  • 2 min read
UOB is RHB's top sector pick for better NIM prospects & good scope for dividends
SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively.
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SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively.

In a Monday report, analyst Leng Seng Choon notes that 2Q18 results came generally in line with expectations, with “respectable” sequential growth in net interest income mainly driven by loan expansion.


See: UOB 2Q earnings hit high of $1.08 bil on strong overall operating income

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